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US extends sanctions waiver on Russian at-sea oil by 30 days: Treasury

World News

18-05-2026 | 12:50

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US extends sanctions waiver on Russian at-sea oil by 30 days: Treasury

The U.S. Treasury on Monday extended its sanctions waiver for Russian oil cargoes that were already at sea by 30 days, as global energy prices continue to surge due to the war in Iran.

The latest "temporary 30-day general license" will "provide the most vulnerable nations with the ability to temporarily access Russian oil currently stranded at sea," Treasury Secretary Scott Bessent said in a social media post.

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